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The Sisyphean Company is planning on investing in a new project. This will involve the purchase of some new machinery costing $400,000. The Sisyphean Company

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The Sisyphean Company is planning on investing in a new project. This will involve the purchase of some new machinery costing $400,000. The Sisyphean Company expects cash inflows from this project as detailed below: Year 1 Year 2 $157,452.975$157,452.975$157,452.975$157,452.975 The appropriate discount rate for this project is 15%. The internal rate of return (IRR) for this project is closest to OA) 13% B) 24% Year 3 OC) 21% OD) 16% Year 4

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